Estimating Probabilities of Recession in Real Time Using GDP and GDI

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ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Estimating Probabilities of Recession in Real Time Using GDP and GDI by : Jeremy Nalewaik

Download or read book Estimating Probabilities of Recession in Real Time Using GDP and GDI written by Jeremy Nalewaik and published by . This book was released on 2007 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Industrial Engineering: Concepts, Methodologies, Tools, and Applications

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Publisher : IGI Global
ISBN 13 : 1466619465
Total Pages : 2090 pages
Book Rating : 4.4/5 (666 download)

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Book Synopsis Industrial Engineering: Concepts, Methodologies, Tools, and Applications by : Management Association, Information Resources

Download or read book Industrial Engineering: Concepts, Methodologies, Tools, and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2012-08-31 with total page 2090 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial engineering affects all levels of society, with innovations in manufacturing and other forms of engineering oftentimes spawning cultural or educational shifts along with new technologies. Industrial Engineering: Concepts, Methodologies, Tools, and Applications serves as a vital compendium of research, detailing the latest research, theories, and case studies on industrial engineering. Bringing together contributions from authors around the world, this three-volume collection represents the most sophisticated research and developments from the field of industrial engineering and will prove a valuable resource for researchers, academics, and practitioners alike.

Handbook of Economic Forecasting

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Publisher : Elsevier
ISBN 13 : 0444627413
Total Pages : 1386 pages
Book Rating : 4.4/5 (446 download)

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Book Synopsis Handbook of Economic Forecasting by : Graham Elliott

Download or read book Handbook of Economic Forecasting written by Graham Elliott and published by Elsevier. This book was released on 2013-10-24 with total page 1386 pages. Available in PDF, EPUB and Kindle. Book excerpt: The highly prized ability to make financial plans with some certainty about the future comes from the core fields of economics. In recent years the availability of more data, analytical tools of greater precision, and ex post studies of business decisions have increased demand for information about economic forecasting. Volumes 2A and 2B, which follows Nobel laureate Clive Granger's Volume 1 (2006), concentrate on two major subjects. Volume 2A covers innovations in methodologies, specifically macroforecasting and forecasting financial variables. Volume 2B investigates commercial applications, with sections on forecasters' objectives and methodologies. Experts provide surveys of a large range of literature scattered across applied and theoretical statistics journals as well as econometrics and empirical economics journals. The Handbook of Economic Forecasting Volumes 2A and 2B provide a unique compilation of chapters giving a coherent overview of forecasting theory and applications in one place and with up-to-date accounts of all major conceptual issues. - Focuses on innovation in economic forecasting via industry applications - Presents coherent summaries of subjects in economic forecasting that stretch from methodologies to applications - Makes details about economic forecasting accessible to scholars in fields outside economics

Brookings Papers on Economic Activity: Spring 2009

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Publisher : Brookings Institution Press
ISBN 13 : 0815703988
Total Pages : 350 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Brookings Papers on Economic Activity: Spring 2009 by : David H. Romer

Download or read book Brookings Papers on Economic Activity: Spring 2009 written by David H. Romer and published by Brookings Institution Press. This book was released on 2010-10-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: Editors' Summary The Financial Crisis: An Inside View By Phillip Swagel Understanding Inflation-Indexed Bond Markets By John Y. Campbell, Robert J. Shiller, and Luis M. Viceira Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending By Christina D. Romer and David H. Romer Causes and Consequences of the Oil Shock of 2007-08 By James D. Hamilton Why Doesn't Capitalism Flow to Poor Countries? By Rafael Di Tella and Robert MacCulloch, reviewing a previous edition or volume

Recent Advances and Future Directions in Causality, Prediction, and Specification Analysis

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Publisher : Springer Science & Business Media
ISBN 13 : 1461416531
Total Pages : 582 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Recent Advances and Future Directions in Causality, Prediction, and Specification Analysis by : Xiaohong Chen

Download or read book Recent Advances and Future Directions in Causality, Prediction, and Specification Analysis written by Xiaohong Chen and published by Springer Science & Business Media. This book was released on 2012-08-01 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of articles that present the most recent cutting edge results on specification and estimation of economic models written by a number of the world’s foremost leaders in the fields of theoretical and methodological econometrics. Recent advances in asymptotic approximation theory, including the use of higher order asymptotics for things like estimator bias correction, and the use of various expansion and other theoretical tools for the development of bootstrap techniques designed for implementation when carrying out inference are at the forefront of theoretical development in the field of econometrics. One important feature of these advances in the theory of econometrics is that they are being seamlessly and almost immediately incorporated into the “empirical toolbox” that applied practitioners use when actually constructing models using data, for the purposes of both prediction and policy analysis and the more theoretically targeted chapters in the book will discuss these developments. Turning now to empirical methodology, chapters on prediction methodology will focus on macroeconomic and financial applications, such as the construction of diffusion index models for forecasting with very large numbers of variables, and the construction of data samples that result in optimal predictive accuracy tests when comparing alternative prediction models. Chapters carefully outline how applied practitioners can correctly implement the latest theoretical refinements in model specification in order to “build” the best models using large-scale and traditional datasets, making the book of interest to a broad readership of economists from theoretical econometricians to applied economic practitioners.

Brookings Papers on Economic Activity: Spring 2010

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Publisher : Brookings Institution Press
ISBN 13 : 0815705131
Total Pages : 378 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Brookings Papers on Economic Activity: Spring 2010 by : David H. Romer

Download or read book Brookings Papers on Economic Activity: Spring 2010 written by David H. Romer and published by Brookings Institution Press. This book was released on 2010-09 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: Editors' Summary The Labor Market in the Great Recession By Michael W. L. Elsby (University of Michigan), Bart Hobijn (Federal Reserve Bank of San Francisco), and Aysegül Sahin (Federal Reserve Bank of New York) The Income- and Expenditure- Side Estimates of U.S. Output Growth By Jeremy J. Nalewaik (Board of Governors of the Federal Reserve System) The Rug Rat Race By Garey Ramey and Valerie A. Ramey (University of California, San Diego) The Crisis By Alan Greenspan (Greenspan Associates LLC) The Initial Impact of the Crisis on Emerging Market Countries By Olivier J. Blanchard (International Monetary Fund and MIT), Mitali Das (International Monetary Fund), and Hamid Faruqee (International Monetary Fund) Geographic Variation in Health Care: The Role of Private Markets By Tomas J. Philipson (University of Chicago), Seth A. Seabury (RAND Corporation), Lee M. Lockwood (University of Chicago), Dana P. Goldman (University of Southern California), and Darius Lakdawalla (Univeresity of Southern California)

Oil and the Economy

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ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Oil and the Economy by : United States. Congress. Joint Economic Committee

Download or read book Oil and the Economy written by United States. Congress. Joint Economic Committee and published by . This book was released on 2009 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Market Perceptions of Recession Risk

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Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Financial Market Perceptions of Recession Risk by : Thomas B. King

Download or read book Financial Market Perceptions of Recession Risk written by Thomas B. King and published by . This book was released on 2007 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Indicators for Professionals

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Publisher : Routledge
ISBN 13 : 1351363905
Total Pages : 222 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Economic Indicators for Professionals by : Charles Steindel

Download or read book Economic Indicators for Professionals written by Charles Steindel and published by Routledge. This book was released on 2018-08-15 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: We are bombarded with economic numbers: unemployment, retail sales, inflation, GDP—the list goes on and on. Some analyst or another is constantly telling us about an obscure statistic that is the key to our future, or is apparently the indicator that the "Fed" will be using to key off its decisions. With economic numbers playing such a central role in the national and world dialogue on policy and markets, and spilling over into the political arena, a broad review of what they are all about is timely. This book reviews the critical US economic data, and how one may put the numbers into an intellectual structure that will depict evolving economic reality. The work is aimed at those who want and need to get some understanding about how the data contributes to a big picture of the economy and guides policy. The objective is for the reader to grasp the overall logic of the data—how each piece of the puzzle contributes to our understanding of the overall economy. This is the way the Fed looks at the numbers. There are other books that go through the economic numbers, but they do so in a "bottom-up" fashion, describing a series in some detail and adding something about how financial markets may respond to it. This book naturally has considerable discussion of series, but views them as part of the overall mosaic, not items of fundamental interest in themselves.

Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy

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ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy by : Rochelle Mary Edge

Download or read book Natural Rate Measures in an Estimated DSGE Model of the U.S. Economy written by Rochelle Mary Edge and published by . This book was released on 2007 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Forecasting with Small Macroeconomic VARs in the Presence of Instabilities

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ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Forecasting with Small Macroeconomic VARs in the Presence of Instabilities by : Todd E. Clark

Download or read book Forecasting with Small Macroeconomic VARs in the Presence of Instabilities written by Todd E. Clark and published by . This book was released on 2007 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small-scale VARs have come to be widely used in macroeconomics, for purposes ranging from forecasting output, prices, and interest rates to modeling expectations formation in theoretical models. However, a body of recent work suggests such VAR models may be prone to instabilities. In the face of such instabilities, a variety of estimation or forecasting methods might be used to improve the accuracy of forecasts from a VAR. These methods include using different approaches to lag selection, observation windows for estimation, (over-) differencing, intercept correction, stochastically time--varying parameters, break dating, discounted least squares, Bayesian shrinkage, detrending of inflation and interest rates, and model averaging. Focusing on simple models of U.S. output, prices, and interest rates, this paper compares the effectiveness of such methods. Our goal is to identify those approaches that, in real time, yield the most accurate forecasts of these variables. We use forecasts from simple univariate time series models, the Survey of Professional Forecasters and the Federal Reserve Board's Greenbook as benchmarks

Documenation of the Research and Statistics Division's Estimated DSGE Model of the U.S. Economy

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Publisher :
ISBN 13 :
Total Pages : 98 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Documenation of the Research and Statistics Division's Estimated DSGE Model of the U.S. Economy by : Rochelle M. Edge

Download or read book Documenation of the Research and Statistics Division's Estimated DSGE Model of the U.S. Economy written by Rochelle M. Edge and published by . This book was released on 2007 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Anchoring Bias in Consensus Forecasts and Its Effect on Market Prices

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Anchoring Bias in Consensus Forecasts and Its Effect on Market Prices by : Sean D. Campbell

Download or read book Anchoring Bias in Consensus Forecasts and Its Effect on Market Prices written by Sean D. Campbell and published by . This book was released on 2007 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Averaging Forecasts from VARs with Uncertain Instabilities

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Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Averaging Forecasts from VARs with Uncertain Instabilities by : Todd E. Clark

Download or read book Averaging Forecasts from VARs with Uncertain Instabilities written by Todd E. Clark and published by . This book was released on 2007 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: A body of recent work suggests commonly-used VAR models of output, inflation, and interest rates may be prone to instabilities. In the face of such instabilities, a variety of estimation or forecasting methods might be used to improve the accuracy of forecasts from a VAR. These methods include using different approaches to lag selection, different observation windows for estimation, (over-) differencing, intercept correction, stochastically time-varying parameters, break dating, discounted least squares, Bayesian shrinkage, and detrending of inflation and interest rates. Although each individual method could be useful, the uncertainty inherent in any single representation of instability could mean that combining forecasts from the entire range of VAR estimates will further improve forecast accuracy. Focusing on models of U.S. output, prices, and interest rates, this paper examines the effectiveness of combination in improving VAR forecasts made with real-time data. The combinations include simple averages, medians, trimmed means, and a number of weighted combinations, based on: Bates-Granger regressions, factor model estimates, regressions involving just forecast quartiles, Bayesian model averaging, and predictive least squares-based weighting. Our goal is to identify those approaches that, in real time, yield the most accurate forecasts of these variables. We use forecasts from simple univariate time series models and the Survey of Professional Forecasters as benchmarks.

Operational Problems and Aggregate Uncertainty in the Federal Funds Market

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ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Operational Problems and Aggregate Uncertainty in the Federal Funds Market by : Elizabeth Klee

Download or read book Operational Problems and Aggregate Uncertainty in the Federal Funds Market written by Elizabeth Klee and published by . This book was released on 2007 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Combining Forecasts from Nested Models

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ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Combining Forecasts from Nested Models by : Todd E. Clark

Download or read book Combining Forecasts from Nested Models written by Todd E. Clark and published by . This book was released on 2007 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivated by the common finding that linear autoregressive models forecast better than models that incorporate additional information, this paper presents analytical, Monte Carlo, and empirical evidence on the effectiveness of combining forecasts from nested models. In our analytics, the unrestricted model is true, but as the sample size grows, the DGP converges to the restricted model. This approach captures the practical reality that the predictive content of variables of interest is often low. We derive MSE-minimizing weights for combining the restricted and unrestricted forecasts. In the Monte Carlo and empirical analysis, we compare the effectiveness of our combination approach against related alternatives, such as Bayesian estimation.

An Efficiency Perspective on the Gains from Mergers and Asset Purchases

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Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis An Efficiency Perspective on the Gains from Mergers and Asset Purchases by : Sugata Ray

Download or read book An Efficiency Perspective on the Gains from Mergers and Asset Purchases written by Sugata Ray and published by . This book was released on 2007 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: